Commercial Banking
RAKBANK offers unmatched experience, a wide range of products and services as well as a network of strategically located branches in the UAE to fulfil the banking requirements of corporates.
The Commercial Banking team at RAKBANK is your ideal business partner. Our team of experienced and dedicated Relationship Managers understand the specific needs of your business and provide you with customized solutions. We offer a full range of commercial banking services and pride ourselves on our superior product delivery and strong customer orientation.
RAKBANK Commercial Banking offering includes:
- Financing Solutions: Comprehensive suite of lending products to meet Working Capital requirements, Equipment & Asset based finance, Trade products to finance import and exports, Real Estate finance and Loans against Real estate.
- Trade Finance: We offer a wide range of Trade Finance products designed to facilitate your needs when you do domestic or cross border business. We pride on our high level of expertise in providing advisory services in structuring of transactions to suit your specific requirements.
- Transaction Solutions: We offer a wide range of transaction solutions covering payments, collections, deposits, balance sweeping facility, wage protection system, interest bearing call and current accounts and online banking capability.
- Treasury: Treasury services offering foreign exchange conversion across all major currencies, hedging solutions and liquidity management through placement of deposits.
- Islamic Term Finance: Shari'ah compliant financing products to meet Working Capital requirements, Financing against Rental, Finacing against Commercial Properties.
- Islamic Murabaha Overdraft:
- Financing against revenue for your day to day business activities
- Attractive profit rates
RAK Commercial prime rate is: 9.25% p.a. wef 1st August 2022
Services
We deliver our products and services through a combination of dedicated Relationship Managers and “TRADEASSIST”. “TRADEASSIST” is a Trade Service offering to our customers to ensure quick turnaround times for all their Trade Finance Transactions. Customers can avail “TRADEASSIST” services by visiting any of our below service desks or by calling our dedicated Number at 800 6789 . You can also send an email at [email protected] in case of any enquiry or feedback.
“TRADEASSIST” is available from Monday to Friday from 8:00 AM to 6:00 PM at 800 6789 or in the following Branches;
Location | Working Hours | |
---|---|---|
Sultan Business Centre, Dubai Near Lamcy Plaza |
Monday to Thursday Friday |
8 AM to 5 PM 8 AM to 3 PM |
Al Nakheel branch |
Monday to Thursday Friday |
8 AM to 3 PM 7.30 AM to 12.30 PM |
Sharjah Rolla branch |
Monday to Thursday Friday |
8 AM to 3 PM 7.30 AM to 12.30 PM |
Umm Hurrair, Bur Dubai |
Monday to Thursday Friday |
8 AM to 3 PM 7.30 AM to 12.30 PM |